Wall Street Zen lowered shares of Companhia Paranaense de Energia – Copel (NYSE:ELPC – Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.
View Our Latest Research Report on Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia – Copel Stock Performance
Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Equities research analysts predict that Companhia Paranaense de Energia – Copel will post 0.82 earnings per share for the current fiscal year.
Companhia Paranaense de Energia – Copel Dividend Announcement
The company also recently declared a special dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.1904 per share. The ex-dividend date of this dividend is Friday, May 1st. Companhia Paranaense de Energia – Copel’s dividend payout ratio (DPR) is presently 85.71%.
Insider Activity
In other news, Director Abreu Marco Antonio Villela De sold 32,490 shares of Companhia Paranaense de Energia – Copel stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $2.94, for a total transaction of $95,520.60. Following the transaction, the director directly owned 63,546 shares in the company, valued at approximately $186,825.24. This trade represents a 33.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in Companhia Paranaense de Energia – Copel by 10.6% during the first quarter. Venturi Wealth Management LLC now owns 11,166 shares of the company’s stock worth $133,000 after buying an additional 1,068 shares in the last quarter. Syon Capital LLC increased its holdings in shares of Companhia Paranaense de Energia – Copel by 6.0% in the second quarter. Syon Capital LLC now owns 21,549 shares of the company’s stock valued at $251,000 after buying an additional 1,227 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Companhia Paranaense de Energia – Copel by 23.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,373 shares of the company’s stock valued at $88,000 after buying an additional 1,379 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Companhia Paranaense de Energia – Copel by 143.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,800 shares of the company’s stock valued at $27,000 after buying an additional 1,650 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Companhia Paranaense de Energia – Copel by 13.0% during the 4th quarter. Millennium Management LLC now owns 19,083 shares of the company’s stock valued at $181,000 after acquiring an additional 2,190 shares during the last quarter.
About Companhia Paranaense de Energia – Copel
Companhia Paranaense de Energia, known as Copel, is a Brazilian electric utility headquartered in Curitiba, in the state of ParanĂ¡. Founded in 1954, the company operates across several segments of the power industry, including electricity generation, transmission and distribution.
Copel’s generation portfolio includes hydroelectric, wind and thermal power assets, while its transmission business supports the movement of electricity through Brazil’s interconnected power system. The company’s distribution operations deliver electricity to residential, commercial and industrial customers throughout ParanĂ¡.
In addition to its core electricity businesses, Copel has historically provided telecommunications and related infrastructure services.
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